The 'footballing elite' is a myth, peddled by city fans.
Name one of the 'elite' that hasn't seen and experienced an enormous drop off of success and competitiveness in the last 30 years for sporting reasons. Possibly only bayern have been utterly dominant and that's a German league issue.
The fact is that when the big teams drop off, other teams can capitalise. City though, cheated the PL out of this. But they want to argue that Arsenal, without a title in 2 decades and never won a CL, are part of some cabal that wants to maintain a status quo? Or Liverpool who went 3 decades without a title are part of this machine? Or juventus who went to serie b? Or barca who were painfully shit for the better part of a decade and now have as much chance of winning a Cl as Brighton do.
Its a myth. Supported by cheats to feel better about cheating